Quickfile category of company formation cost

Accounting
1

I’m reading that the company formation cost is a one-off capital cost that can be reimbursed if it has been paid for personally.

What category should this be put under in “New Purchase”?
What is the tax rate for this?

2

Hello @Orax

The category to use for this may be a query for your accountant as it wouldn’t be something we could advise on.

The Tax rate would be whatever is on the invoice and also would depend if you’re VAT registered or not.

3

Thanks @QFSteve!

Extending the reach of the question to other members of the community that may have reported the company formation cost in Quickfile, what category did you use?

4

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